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The influence of firm-specific and country-specific advantages in the internationalization of emerging market firms: Evidence from Turkey |
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| Authors: | Attila Yaprak Turkan Yosun Dilek Cetindamar |
| Institution: | 1. Marketing and International Business, Mike Ilitch School of Business, Wayne State University, USA;2. School of Management, Sabanci University, Tuzla, Istanbul, 34956, Turkey;3. School of Systems, Management and Leadership, University of Technology Sydney, Sydney, Australia |
| Abstract: | This paper examines the role of institutional factors that enable firm- and country-specific drivers of emerging market (EM) firms’ internationalization based on case-based research conducted in one EM, Turkey. Findings indicate that 10 major factors comprised of firm-specific and country-specific advantages drove the focal case study firms abroad: the firm-specific factors ranged from financial and operations supremacy; excellence in value chain activities; inexpensive human resources; rapid learning capabilities in production and technology development; and adaptability to foreign markets; while the country-specific factors included home-government policies supporting internationalization; logistical advantages arising from geographical position; adaptability capabilities resulting from former survival through institutional voids; strong social ties formed through networks; and availability of low cost resources. These findings are discussed and future research questions are offered. |
| Keywords: | Firm-specific advantages Country-specific advantages Internationalization of emerging market firms Turkey |
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